Leave a Lasting Legacy for Future Generations
Legacy giving to Ventura Land Trust is the perfect way to protect the wilderness and wildlife in the Ventura region for future generations! Individuals have used many different methods to designate Ventura Land Trust in their estate planning; what they share is a commitment to support continued preservation and protection of the open space in Ventura and the surrounding region.
Charitable giving is not only for the wealthy! Gifts large and small are important. Inspire and influence others by letting us know about your planned gift today.
“There are so many wonderful things about living in Ventura – the unspoiled hillsides, beautiful beaches and strong sense of community. When our kids were growing up, our family shared many adventures exploring the wild lands surrounding our town. We have named the Ventura Land Trust in our trust so that future generations can experience the same joy that our children had while exploring nature.” - The Abing Family
Often referred to as "a painless way of giving," deferred gifts provide many donors the opportunity to make an even greater contribution to Ventura Land Trust than they are able to do during their lifetimes. Types of deferred gifts include the following:
This is the most popular form of planned giving because it is relatively simple and straight-forward. All you have to do is make a simple designation in your will or trust. Making a bequest costs nothing during your lifetime and is easily revocable if your situation changes.
You can name Ventura Land Trust in your will in any one of a number of simple ways: an outright gift of cash- either a designated dollar amount or percentage of your estate; gifts of securities, bonds, real estate, or other property; Ventura Land Trust can be named as a “remainder beneficiary” to receive funds only after specific sums have been paid to individuals; you can make a “lifetime bequest” which is a combination of a gift or pledge now plus an estate gift later to facilitate and maximize the impact of your gift. Ventura Land Trust can easily be added to your will through an amendment called a codicil.
A tax-deductible gift of whole or universal life insurance can be made by naming Ventura Land Trust as owner and beneficiary of your insurance policy. You can purchase a new policy or donate a policy that you currently own but no longer need.
IRA, 401(k) or Pension Plan
Retirement funds paid to your children at your passing may be subject to income and estate taxes, but are tax-free to Ventura Land Trust. Funds left to children may be subject to income and estate tax of 70% or more. You can avoid both income and estate tax on the remainder left in your retirement plan if you make Ventura Land Trust the beneficiary.
Charitable Gift Annuities
You can guarantee a fixed income for your life (and your spouse's life) simply by transferring cash or appreciated securities in exchange for a charitable gift annuity. A gift annuity offers two benefits: an immediate and substantial income tax deduction and income for life.
Charitable Remainder Trusts
You can fund a charitable remainder trust with cash or property and receive income from the assets for your lifetime, while qualifying for a charitable deduction, and reduce potential capital gains and estate taxes. Upon your death and/or that of a loved one, the trust assets will be distributed outright to Ventura Land Trust.
Charitable Lead Trust
You can transfer assets to a trust that makes payments to Ventura Land Trust for a specified number of years, after which time the assets are transferred to your heirs, with little or no estate and gift taxes. This arrangement can make good sense for anyone in the top estate and gift tax brackets.
Gifts of cash are fully deductible up to 50% of your adjusted gross income; any excess maybe carried over and deducted for as many as 5 subsequent years.
Gifts of Stock
A gift of stock owned one year or longer generally offers two benefits: You receive an income tax deduction for the fair market value of the stock, and you avoid paying capital gains tax if the stock has appreciated in value.
Gifts of Real Estate
You may own a residence, vacation home, acreage or vacant lot that has no particular conservation value, but that has appreciated over the years and therefore, selling it would mean a sizeable capital gains tax. By donating such land, you may avoid capital gains tax and may also receive a charitable deduction for the fair market value of the property.
Contact- For more information, please contact Derek Poultney, Ventura Land Trust Executive Director, at (805) 643-8044 or by email [email protected].
Ask a trusted advisor for assistance in completing a deferred gift. For example, your attorney may assist you with your will; your financial planner, broker or insurance agent may assist you with naming Ventura Land Trust as beneficiary of your retirement account, IRA or insurance policy, as appropriate. (Ventura Land Trust cannot provide legal or tax advice.)